Are you considering investing in oil wells? The oil industry has long been fickle. Some years you may double your income from a stock, and other years, you may face significant losses. In some ways, investing in oil stocks can feel like gambling. Having said that, people continue to invest in oil wells because the rewards can be so enticing. However, before you invest your … [Read more...] about Things To Know Before Investing in Oil Wells
We have all been on a month-long rollercoaster ride with the stock market due to COVID-19 and unfortunately, it doesn't show signs of normalizing in the near future. For that exact reason, it is more important than ever to look back at your goals and reasons for why you are investing. There is absolutely no reason to panic since no good can come of it. Selling everything you … [Read more...] about The Best Time To Buy And Sell Mutual Funds To Make The Most Money
Akin to baskets of investments, mutual funds pool money from many individual and institutional investors to buy and sell a variety of securities. … [Read more...] about The Pros and Cons of Investing in Mutual Funds
Good morning Dinks. Yesterday I had a client who asked "How do I buy mutual funds?" That's a pretty general statement, the food equivalent would be "Where can I buy the best chocolate?" Well that depends on what type of chocolate you're looking for, how much you're willing to pay for good quality as well as your personal definition of good. I love Cadbury Fruit and Nut … [Read more...] about How to Buy Mutual Funds
If you're thinking about investing there are a ton of options out there on the market. The choices of where, when and how to save your hard earned money can be overwhelming. The key to being successful at investing is to start simple. You don't want to rush into something if you're not comfortable and trust me your investment style will become more sophisticated over … [Read more...] about Crash Course: Mutual Funds for Beginners
Good morning Dinks. Since the market crash in 2008 everyone is trying to save money whenever and where ever possible. People want discounts on their food, need coupons for their household goods and search for the lowest fees on their investments. So let me ask you a question, has your investment style changed since the market crash? The market crash forever changed how … [Read more...] about Ask a CFP: What’s an ETF?
Hi All, Mutual funds can be a great way for individual investors to build wealth. That said, there is a veritable sea of content on the internet about mutual funds - much of varying quality. So, if you're interested in learning how to buy mutual funds and don't want to invest a lot of time separating the wheat from the chaff, here is a quick video from eHow on some things to … [Read more...] about How to Select A Good Mutual Fund
Good morning Dinks. I don’t know what it is about this time of the year, but it always makes me want to invest in something. Maybe it’s because the New Year brings new beginnings, maybe it’s because I reflect on my financial goals from the previous year or maybe it’s because I have tax season fever. I am not sure exactly what it is but I always want to buy investments at the … [Read more...] about 3 places I will always put my money
Selling your mutual funds can be as important as learning when it is best buy them. This is because one of the key factors in investing is buying at the right time, but also selling at the right time. A lot of people don’t pay attention to this, which is silly because some investors tend to hold onto their funds long past when it’s a good idea to sell them. Here some red … [Read more...] about When To Sell Mutual Funds
Hi All, One way that mega millionaires are different from everyone else is: income composition. When you compare investors with over $5 million in net worth to those with 100,000 to 1 million in net worth, a big difference is percentage of income from investments. Investors with over $5 million receive 43% of their income from investments and 40% from salary. In … [Read more...] about What Makes the Rich Different?